Thursday, October 25, 2012

ILLUSTRATIONS HOME

Ongoing re-writes, updates and additional material are noted on the LATEST UPDATES page.

The INGRAM SCHOOL is a new school of thought - it provides a refreshingly practical and down to earth new theory of business cycles and how to manage them.

THIS BLOG IS UNDER HEAVY REVISION.Basically, when finished, it will tell the whole story of Edward's Macro-economic Design from the mathematical standpoint.Recommended reading at present are the following pages:For news on progress look up the LATEST UPDATES page.This Blog needs three versions of the mathematics and a powerful and important summary on this Home Page. The detailed pages are:

MATHS Straight In currently provides an outline of the researches, why they are needed, and how they may create a new era of financial stability. But the real explanation comes from the maths further down the page. W J Waghorn's Equations for the calculation of the cost and the total repayment period for a debt whose payments are steadily rising or falling. This equation reduces to the usual Level Payments (annuity) mortgage if the conditions are set for zero escalation rate.Additional pages are planned to illustrate and show back tests of the new ILS (Ingram Lending and Savings) Mortgage Model and other financial stability issues.

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About Me

Edward (Ted) Ingram. The photo is of me and Michael Morris MP visiting Number 10 in 1983 to discuss Mortgage Finance. This is a specialty of mine since publishing a series in the Building Societies Gazette in 1974/5. Probably all of those new ideas were adopted - even the one about linking repayments to incomes (on trial in Turkey).

My current ideas have gone far ahead of those times.They now include guidelines for economists and policy-makers to observe if they want a well managed and well balanced economy in future. They need to change their tax, accounting, regulatory, bond, currency, interest rate, money creation, savings and debt structures. It is a decade of private research backed by hundreds of public discussions and various high-powered review committees.Some powerful institutions are now very slowly edging towards making the same discoveries. Even getting debated in Parliament and the Bank for International Settlements, the IMF and Nobel Laureates.etc. Mine are already published on my websites.

This is a significant advance in thinking. It addresses ways in which economies are knocked off-balance by the financial framework. Correcting that may end recessions and add a significantly better business environment adding well over 1% p.a. to world economic output.